Lowe's 2003 Annual Report Download - page 4

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02 LOWE’S COMPANIES, INC.
Financial Highlights*
in millions, except per share data
Sales Growth
in billions of dollars
Earnings Growth
in millions of dollars
Increase over ’02 Fiscal ’03 Fiscal ’02
* Amounts herein have been adjusted to reflect the 26 Contractor Yard locations sold in 2003 as a discontinued operation.
** Basis points
Net Sales 18.1% $ 30,838 $ 26,112
Gross Margin 71bps** 31.15% 30.44%
Pre-tax Earnings 28.2% $ 2,998 $ 2,339
Earnings from Continuing Operations 27.6% $ 1,862 $ 1,459
Earnings from Discontinued Operations, Net of Tax $ 15 $ 12
Net Earnings 27.6% $ 1,877 $ 1,471
Earnings Per Share
Basic (Continuing Operations) $ 2.37 $ 1.87
(Discontinued Operations) $ 0.02 $ 0.02
Basic Earnings Per Share 26.5% $ 2.39 $ 1.89
Diluted (Continuing Operations) $ 2.32 $ 1.83
(Discontinued Operations) $ 0.02 $ 0.02
Diluted Earnings Per Share 26.5% $ 2.34 $ 1.85
Cash Dividends Per Share 29.4% $ 0.110 $ 0.085
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